by Michael Rozeff, Lew Rockwell.com

Modern, as distinguished from classical, liberalism has been harming and continues to harm the well-being of Americans whenever its ideas are imposed on them, in any form, whether that of progressives, Franklin Delano Roosevelt, Lyndon Baines Johnson, cultural Marxists, or those who promote political correctness and unqualified equality. Modern liberalism creates one disaster area after another in human affairs, and it will keep on doing this as long as its ideas gain adherents and are implemented. The reason why liberalism screws things up is that its ideas are screwy. They typically involve invasions of rights.

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Written by Glenn Van Lendt

"A comparison between two things that are similar in some way, often used to help explain something or make it easier to understand..."

Castro Refuses to Die

Disturbing News: A person is admitted to hospital and the situation gets worse by the hour. Monitors are attached to every part of the body, but the gauges break as readings are off the chart. Doctors report the worse and gather the family around for the bad news. They agree that they've never come across anyone that's recovered from such a hopeless state and rumours of the patient's imminent death begin to circle the neighbourhood.

Everyone gives the patient a week at best and doctors begin to prepare the family for the worse. Beneficiaries of the Will hope for a quick death, but so far Castro refuses to die!

Weeks turn into months and everybody starts to lose interest. After many more months, Castro is eventually spotted puffing on a thick Cuban and is soon to be discharged to the care of his family. He eventually ends up winding his life away, all be it at an unhealthier pace.

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by Dan Kervick, New Economic Perspectives

I appeared today on The Attitude, broadcast by WNHN 94.7 in Concord, New Hampshire, to talk with host Arnie Arnesen about the Bitcoin phenomenon. The podcast of the second hour of the show can be accessed at the link below. My appearance occurs right at the beginning of the hour:

The Attitude – Bitcoin

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by Edward Harrison, Credit Writedowns

I was on the Daily Ticker with Lauren Lyster talking about Japan last week. My view is that there is no material negative change in Japan’s sovereign debt outlook nor will there be in the medium term because of Abenomics. The video is at the bottom of this post.

Before you watch it let me say a little bit about why I take this view on Japan and speak more generally about government debt and deficits. Mike Konczal wrote a post that is getting a lot of buzz on high government debts and Reinhart and Rogoff that will be a good jumping off point for discussion.

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by Rodger Malcolm Mitchell, www.nofica.com

Can there be an economy in which no one owns anything? Is there a difference between “own” and “possess”?

Recently, I read an article in NewScientist Magazine, titled “Lost in the cloud: How safe are your online possessions? (02 April 2013 by Douglas Heaven) Here are some excerpts:

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